56a-704 Statement of dissociation.
56a-704. Statement of dissociation. (a) A dissociated partner or the partnership may file a statement of dissociation stating the name of the partnership and that the partner is dissociated from the partnership. (b) A statement of dissociation is a limitation on the authority of a dissociated partner for the purposes of subsection (d) and (e) […]
56a-705 Continued use of partnership name.
56a-705. Continued use of partnership name. Continued use of a partnership name, or a dissociated partner’s name as part thereof, by partners continuing the business does not of itself make the dissociated partner liable for an obligation of the partners or the partnership continuing the business. History: L. 1998, ch. 93, § 37; Jan. 1, […]
56a-801 Events causing dissolution and winding up of partnership business.
56a-801. Events causing dissolution and winding up of partnership business. A partnership is dissolved, and its business must be wound up, only upon the occurrence of any of the following events: (a) In a partnership at will, the partnership’s having notice from a partner, other than a partner who is dissociated under subsections (b) through […]
56a-404 General standards of partner’s conduct.
56a-404. General standards of partner’s conduct. (a) The only fiduciary duties a partner owes to the partnership and the other partners are the duty of loyalty and the duty of care set forth in subsections (b) and (c). (b) A partner’s duty of loyalty to the partnership and the other partners is limited to the […]
56a-802 Partnership continues after dissolution.
56a-802. Partnership continues after dissolution. (a) Subject to subsection (b), a partnership continues after dissolution only for the purpose of winding up its business. The partnership is terminated when the winding up of its business is completed. (b) At any time after the dissolution of a partnership and before the winding up of its business […]
56a-405 Actions by partnership and partners.
56a-405. Actions by partnership and partners. (a) A partnership may maintain an action against a partner for a breach of the partnership agreement, or for the violation of a duty to the partnership, causing harm to the partnership. (b) A partner may maintain an action against the partnership or another partner for legal or equitable […]
56a-803 Right to wind up partnership business.
56a-803. Right to wind up partnership business. (a) After dissolution, a partner who has not wrongfully dissociated may participate in winding up the partnership’s business, but on application of any partner, partner’s legal representative, or transferee, the district court, for good cause shown, may order judicial supervision of the winding up. (b) The legal representative […]
56a-406 Continuation of partnership beyond definite term or particular undertaking.
56a-406. Continuation of partnership beyond definite term or particular undertaking. (a) If a partnership for a definite term or particular undertaking is continued, without an express agreement, after the expiration of the term or completion of the undertaking, the rights and duties of the partners remain the same as they were at the expiration or […]
56a-804 Partner’s power to bind partnership after dissolution.
56a-804. Partner’s power to bind partnership after dissolution. Subject to K.S.A. 56a-805, a partnership is bound by a partner’s act after dissolution that: (a) Is appropriate for winding up the partnership business; or (b) would have bound the partnership under K.S.A. 56a-301 before dissolution, if the other party to the transaction did not have notice […]
56a-501 Partner not co-owner of partnership property.
56a-501. Partner not co-owner of partnership property. A partner is not a co-owner of partnership property and has no interest in partnership property which can be transferred, either voluntarily or involuntarily. History: L. 1998, ch. 93, § 26; Jan. 1, 1999.